Two masters degrees in finance and economics and I work in the defense industry where we’re dependent on the imported raw materials for satellites and missiles.
What irritates me is that neither the Democrats nor the Republicans evaluate the real options on the table: eliminate the industry regulations and allow companies to return to manufacturing. There’s a lot more that we can do as a country to minimize the needs for imports, but labor costs are much higher here. But, rather than exploring other means to offset costs, they ignore the issue entirely and drive up trade debt. But, tariffs won’t change that.